State Program Performance Data

Monthly State Program Performance Data & Trends

Key Program Metrics Snapshot
(as of March 31, 2021)

Program Performance Indicators, Monthly Percent Change
(as of March 31, 2021)

	2/28/21	3/31/21	Percent Change 2/28/21-3/31/21
Total Assets	$43,843,396	$54,756,572	24.9%
Total Funded Accounts	117,088	128,818	10.0%
Total Withdrawals	$3,916,340	$4,920,093	25.6%
Accounts with Withdrawals	11,977	14,190	18.5%
Average Deferral Rate	5.11%	5.11%
Average Monthly Contribution Amount	$114.73	$135.17	17.8%
Average Funded Account Balance	$374.45	$425.07	13.5%
Effective Opt Out Rates	28.77%	29.25%
Total Registered Employers	9,458	9,957	5.3%
Total Added Employee Data	5,640	6,349	12.6%
Total Submitting Payroll Deductions	2,885	3,280	13.7%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

Key Program Metrics Snapshot
(as of March 31, 2021)

Program Performance Indicators, Monthly Percent Change
(as of March 31, 2021)

	2/28/21	3/31/21	Percent Change 2/28/21-3/31/21
Total Assets	$51,784,545	$55,672,562	7.5%
Total Funded Accounts	83,468	85,355	2.3%
Total Withdrawals	$7,583,590	$8,267,115	9.0%
Accounts with Withdrawals	15,345	15,953	4.0%
Average Deferral Rate	5.03%	5.03%
Average Monthly Contribution Amount	$92.44	$103.11	11.5%
Average Funded Account Balance	$620.41	$652.25	5.1%
Effective Opt Out Rates	35.31%	35.08%
Total Registered Employers	6,099	6,100	0%
Total Added Employee Data	4,001	4,017	.4%
Total Submitting Payroll Deductions	2,788	2,806	.6%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

Key Program Metrics Snapshot
(as of February 28, 2021)

Program Performance Indicators, Monthly Percent Change
(as of February 28, 2021)

	1/31/21	2/28/21	Percent Change 1/31/21-2/28/21
Total Assets	$87,886,663	$92,275,410	4.99%
Total Funded Accounts	89,858	101,525	12.98%
Total Withdrawals	$22,220,896	$23,446,880	5.52%
Accounts with Withdrawals	20,612	21,379	3.72%
Average Deferral Rate	5.60%	5.60%
Average Monthly Contribution Amount	$130	$104	-20.0%
Average Funded Account Balance	$978	$909	-7.06%
Effective Opt Out Rates	34.50%	32.7%
Total Registered Employers	16,704	16,856	.91%
Total Added Employee Data	14,306	14,487	1.27%
Total Submitting Payroll Deductions	6,857	7,109	3.68%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

Key Program Metrics Snapshot (CA, IL and OR)
(as of February 28, 2021)

Program Performance Indicators
Monthly Percent Change
(as of February 28, 2021)

	1/31/21	2/28/21	Percent Change 1/31/21-2/28/21
Total Assets	$172,536,460	$187,903,351	8.90%
Total Funded Accounts	278,083	302,081	8.62%
Total Registered Employers	30,829	32,413	5.14%
Total Added Employee Data	23,203	24,128	3.99%
Total Submitting Payroll Deductions	12,157	12,782	5.14%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Massachusetts
Key Program Metrics Snapshot

Washington
Key Program Metrics Snapshot

	6/30/20	9/30/20	Percent Change 6/30/20-9/30/20	12/31/20	Percent Change 9/30/20-12/31/20	Percent Change 6/30/20-12/31/20
Total Assets	$5,222,591	$11,026,726	111.1%	$28,369,064	157.3%	443.2%
Total Funded Accounts	15,120	27,544	82.2%	96,018	248.6%	535.0%
Total Withdrawals	$466,367	$955,143	104.8%	$2,219,958	132.4%	376.0%
Accounts with Withdrawals	1,234	2,656	115.2%	7,224	172.0%	485.4%
Average Deferral Rate	5.03%	5.03%		5.01%
Average Monthly Contribution Amount	$133.72	$126.48	-5.4%	$113.91	-9.9%	-14.8%
Average Funded Account Balance	$345.41	$400.33	15.9%	$295.46	-26.2%	-14.5%
Effective Opt Out Rates	29.92%	34.54%		30.45%
Total Registered Employers	1,885	3,500	85.7%	7,278	107.9%	286.1%
Total Added Employee Data	1,224	2,074	69.4%	4,345	109.5%	255.0%
Total Submitting Payroll Deductions	555	855	54.1%	2,203	157.7%	296.9%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers.

	6/30/20	9/30/20	Percent Change 6/30/20-9/30/20	12/31/20	Percent Change 9/30/20-12/31/20	Percent Change 6/30/20-12/31/20
Total Assets	$26,469,940	$35,187,947	32.9%	$46,989,252	33.5%	77.5%
Total Funded Accounts	65,933	71,568	8.5%	79,837	11.6%	21.1%
Total Withdrawals	$3,233,201	$4,451,422	37.7%	$6,185,084	38.9%	91.3%
Accounts with Withdrawals	10,164	11,724	15.3%	13,630	16.3%	34.1%
Average Deferral Rate	5.01%	5.02%		5.01%
Average Monthly Contribution Amount	$97.49	$96.39	-1.1%	$96.60	0.2%	-0.9%
Average Funded Account Balance	$401.47	$491.67	22.5%	$588.56	19.7%	46.6%
Effective Opt Out Rates	38.37%	37.12%		35.99%
Total Registered Employers	5,540	5,843	5.5%	6,087	4.2%	9.9%
Total Added Employee Data	3,516	3,685	4.8%	3,959	7.4%	12.6%
Total Submitting Payroll Deductions	2,460	2,527	2.7%	2,705	7.0%	10.0%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from IL Secure Choice.

	6/30/20	9/30/20	Percent Change 6/30/20-9/30/20	12/31/20	Percent Change 9/30/20-12/31/20	Percent Change 6/30/20-12/31/20
Total Assets	$58,159,405	$69,167,837	18.9%	$84,741,739	22.5%	45.7%
Total Funded Accounts	70,054	74,333	6.1%	87,909	18.3%	25.5%
Total Withdrawals	$14,505,312	$17,193,138	18.5%	$20,783,720	20.9%	43.3%
Accounts with Withdrawals	16,083	17,724	10.2%	19, 697	11.1%	22.5%
Average Deferral Rate	5.38%	5.35%		5.30%
Average Monthly Contribution Amount	$137.97	$136.17	-1.3%	$134	-1.6%	-2.9%
Average Funded Account Balance	$830.21	$930.51	12.1%	$964	3.6%	16.1%
Effective Opt Out Rates	35.53%	33.63%		34.10%
Total Registered Employers	14,067	14,235	1.2%	16,292	14.5%	15.8%
Total Added Employee Data	11,244	11,584	3.0%	13,772	18.9%	22.5%
Total Submitting Payroll Deductions	5,720	6,038	5.6%	6,531	8.2%	14.2%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from OregonSaves.

	6/30/20	9/30/20	Percent Change 6/30/20-9/30/20	12/31/20	Percent Change 9/30/20-12/31/20	Percent Change 6/30/20-12/31/20
Total Assets	$89,851,936	$115,382,510	28.4%	$160,100,055	38.8%	78.2%
Total Funded Accounts	151,107	173,445	14.8%	263,764	52.1%	74.6%
Total Registered Employers	21,492	23,578	9.7%	29,657	25.8%	38.0%
Total Added Employee Data	15,984	17,343	8.5%	22,076	27.3%	38.1%
Total Submitting Payroll Deductions	8,735	9,420	7.8%	11,439	21.4%	31.0%
Source: Calculations by the Georgetown University Center for Retirement Initiatives based on data from CalSavers, IL Secure Choice, and OregonSaves.

Individual State Program Performance Data, December 2019-December 2020

3-State Comparison of Program Performance, December 2019-December 2020
(OregonSaves, Illinois Secure Choice, and CalSavers)